While I love the slick look of TransferWise, I struggle to justify using it to make my transfers. To me, a transfer service should provide the following 3 things in that order:
- Best Rate
- Fast Delivery
Everything else really is just bells & whistles that are nice to have but won’t really change my decision in any material way.
So — what is it that makes Transferwise such a revolutionary idea as opposed to the others? I understand and appreciate the transparency & using IBR rates, but in the end it doesn’t really end up being cheaper, does it? Of course, these are rates to India. I didn’t really look into transferring to other countries where it may potentially be cheaper than the others.
But for my specific use-case, I can’t see it being the best option, yet.